GrowGeneration (GRWG) Issues Earnings Results

GrowGeneration (OTCMKTS:GRWG) announced its quarterly earnings data on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.02), Morningstar.com reports. The business had revenue of $8.41 million during the quarter, compared to analysts’ expectations of $9.37 million. GrowGeneration had a negative return on equity of 28.02% and a negative net margin of 19.80%.

OTCMKTS:GRWG traded down $0.27 during trading hours on Friday, reaching $3.85. 90,512 shares of the company traded hands, compared to its average volume of 121,005. The stock has a market capitalization of $114.46 million and a price-to-earnings ratio of -21.39. GrowGeneration has a 1 year low of $1.75 and a 1 year high of $20.00. The company has a current ratio of 10.38, a quick ratio of 7.28 and a debt-to-equity ratio of 0.19.

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About GrowGeneration

GrowGeneration Corp., through its subsidiaries, operates retail hydroponic stores. It offers farming soil, hydroponic equipment, lighting, plant nutrients, and various other products. The company serves home growers of organic vegetables and fruits, do-it yourselfers, and growers in the cannabis related markets.